If there are some bubbles in the tech sector, I have believed it is. The tech-heavy Nasdaq index was down as much as 15% from its 6-months highest to lowest this week. it's really the worst week since March 2020, this is the stock market.
However, a strong economic rebound and capital power of big tech companies will protect the bubble to avoid implosion. but we don't know how long it will take for the tech sector correction. so, investors should consider to adjust their portfolios for now. if you still want to find some opportunities in the tech sector. In fact, there are a lot of tech penny stocks worth to watch, Let's check them out.
|Ceragon Networks Ltd (CRNT)||$4.44||369.86M|
|Globalstar, Inc (GSAT)||$1.61||2.70B|
|Professional Diversity Network, Inc (IPDN)||$3.05||39.10M|
- Ceragon Networks: Ceragon Networks is a networking equipment vendor, focused on wireless point-to-point connectivity, mostly used for wireless backhaul by mobile operators and wireless service providers as well as private businesses. The company announced recently that its products and services were selected by a Colombian Tier-1 operator with a large presence in Latin America to support extensive 4G and future 5G network capacity and coverage enhancements.
- Globalstar: Globalstar is a worldwide mobile satellite services provider. The company offers duplex two-way voice and data products, including mobile voice and data satellite communications services and equipment for remote business continuity, recreational usage, safety, emergency preparedness and response, and other applications. The company announced recently a global strategic alliance with XCOM Labs. the two will focus on commercializing XCOM’s capacity-multiplying technology with Globalstar’s Band n53 for dense 5G deployments in the US and other countries where Globalstar has terrestrial rights.
- Professional Diversity Network: Professional Diversity Network is a developer and operator of online and in-person networks that provide access to networking, training, educational and employment opportunities for diverse individuals. the company announces recently a strategic shift in the underlying business model for the International Association of Women a business unit of the Company that it will be committing to an online membership acquisition model utilizing ecommerce-centric technology to replace the previous telemarketing business model. This strategy is expected to boost productivity and reduce cost.
Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.